https://www.taxtmi.com/caselaws?id=774230 ITAT Mumbai-AT ruled in favor of assessee regarding indexation benefit computation for long-term capital gains. The tribunal held that acquisition date for indexation purposes should be from letter of intent dated 14.02.2011 rather than property registration date of 20.12.2017 as determined by AO. Decision followed coordinate bench precedent involving similar flats in same property for AY 2019-20. Tribunal directed AO to recompute capital gains using 14.02.2011 as acquisition date and consider miscellaneous acquisition and transfer charges while determining taxable capital gains under section 45. en-us Wed, 04 Jun 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774230 ITAT Mumbai-AT ruled in favor of assessee regarding indexation benefit computation for long-term capital gains. The tribunal held that acquisition date for indexation purposes should be from letter of intent dated 14.02.2011 rather than property registration date of 20.12.2017 as determined by AO. Decision followed coordinate bench precedent involving similar flats in same property for AY 2019-20. Tribunal directed AO to recompute capital gains using 14.02.2011 as acquisition date and consider miscellaneous acquisition and transfer charges while determining taxable capital gains under section 45. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774230